mrnicegvy

ALGO LONG - Consolidating before 2.2 retest

Long
KUCOIN:ALGOUSDT   Algorand / Tether
ALGO LONG

Entered in the white box when body of daily candle closed above red dotted line (down trend line) to confirm a possible uptrend

Target is 2.2 (green line which is the previous rejection point before all time highs) but rejected at 2.1 twice.

Where we are now

ALGO showing strong support at 1.7 and is currently consolidating before next run. Need a closed daily candle above 2.0 before we are out of this consolidation zone (purple box)

mrnicegvy

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